Can any body missuses the pass book of a saving account in a
bank in India? I mean in case some body steal a pass book, can
the account be stolen too?
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Answer / jyothi raj
Pass book is only a copy of transactions that the account
holder made in the past. For withdrawel of money from the
account, either he/she need a cheque or with drawel slip. A
person may obtain a withdrawel slip on producing the pass
book and if he/she is possible to imitate the original
person signature in the slip, sure he can misuse it.
| Is This Answer Correct ? | 8 Yes | 4 No |
Answer / himanshu sharma
noone can use the passbook because it is only records the
transaction that we done in past.. that person only check
the balance of a/c not maintain your a/c....
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / sujata ghare
No. as to withdraw money you have to fill the withdrawal
slip. Only passbook is not sufficient for withdrawal of money.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / bijender singh
No.Because it is the customer copy of statement of A/c only.
| Is This Answer Correct ? | 2 Yes | 4 No |
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
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